Thoma Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Thoma Capital Management LLC reported 53 stock positions worth $187.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 26.2% of the portfolio, followed by iShares 5-10Y Inv Grade (IGIB, 19.2%) and iShares S&P 500 Value ETF (IVE, 16.1%). Compared with Q1 2026, it opened 4 new positions, sold out of 6, added to 23 and reduced 23. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +1%) and the biggest sale iShares Russell 2000 Growth (IWO, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0002060298
- Portfolio Value
- $187.5M (Q2 2026)
- SEC Filing
- 0001172661-26-002648 ↗ filed Jul 16, 2026
Holdings Value
Holdings 53 stocks · $187.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 26.23% | 65,874 | $49.2M | Add +0.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 19.22% | 677,770 | $36.0M | Add +6.1% |
| IVE iShares S&P 500 Value ETF | 16.06% | 132,595 | $30.1M | Add +9.6% |
| XLK SS Technology Select Sector | 5.34% | 52,541 | $10.0M | Reduce -20.9% |
| IGLB iShares 10+ Year Inv GR Corp. | 4.24% | 158,874 | $8.0M | Add +38.9% |
| HACK Amplify Cybersecurity ETF | 3.76% | 67,253 | $7.1M | Reduce -2.3% |
| IWO iShares Russell 2000 Growth | 3.03% | 14,419 | $5.7M | Reduce -40.2% |
| AAPL Apple Inc. | 1.65% | 10,677 | $3.1M | Add +0.6% |
| MRVL Marvell Technology Inc. | 1.27% | 8,001 | $2.4M | Reduce -8.2% |
| AMZN Amazon.com Inc. | 1.06% | 8,329 | $2.0M | Reduce -4.1% |
| NVDA Nvidia Corp. | 0.92% | 8,639 | $1.7M | Reduce -8.5% |
| MSFT Microsoft Corp. | 0.90% | 4,535 | $1.7M | Reduce -5.3% |
| DVN Devon Energy Corp. | 0.89% | 40,546 | $1.7M | Add +99.8% |
| GOOGL Alphabet Inc. Class A | 0.89% | 4,686 | $1.7M | Add +0.4% |
| NET Cloudflare Inc. Class A | 0.75% | 5,719 | $1.4M | Reduce -6.9% |
| LLY Eli Lilly & Co. | 0.67% | 1,042 | $1.3M | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.65% | 4,343 | $1.2M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 0.65% | 2,162 | $1.2M | Add +19.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.63% | 10,308 | $1.2M | Reduce -3.2% |
| AEP American Electric Power | 0.61% | 8,368 | $1.1M | Reduce -4.5% |
| TSLA Tesla Inc. | 0.59% | 2,617 | $1.1M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.56% | 12,950 | $1.1M | Add +1.5% |
| ETN Eaton Corp. PLC | 0.56% | 2,443 | $1.0M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 1,959 | $980K | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 0.52% | 2,766 | $977K | Reduce -2.8% |
| WMT Walmart Inc. | 0.50% | 8,337 | $944K | Add +4.5% |
| LNG Cheniere Energy Inc. | 0.48% | 3,796 | $907K | Add +2.1% |
| FANG Diamondback Energy Inc. | 0.46% | 4,928 | $866K | Reduce -2.6% |
| BA The Boeing Co. | 0.46% | 4,001 | $866K | Add +3.5% |
| CVX Chevron Corp. | 0.46% | 5,155 | $855K | Add +1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 8,836 | $851K | Reduce -0.1% |
| AMGN Amgen Inc. | 0.42% | 2,193 | $794K | Add +1.3% |
| DLR Digital Realty Trust Inc. | 0.40% | 4,185 | $752K | Reduce -0.1% |
| BX Blackstone Inc. | 0.39% | 6,189 | $728K | Add +5.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 1,996 | $654K | Add +8.4% |
| RTX RTX Corp. | 0.34% | 3,403 | $646K | Add +46.9% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 5,485 | $640K | Add +2.0% |
| ORCL Oracle Corp. | 0.28% | 3,577 | $524K | Reduce -27.2% |
| AVGO Broadcom Inc. | 0.25% | 1,248 | $472K | Reduce -16.8% |
| CAVA Cava Group Inc. | 0.24% | 5,698 | $447K | Add +5.6% |
| ABBV Abbvie Inc. | 0.23% | 1,703 | $429K | Add +0.2% |
| HD Home Depot Inc. | 0.21% | 1,107 | $391K | Add +2.8% |
| DKNG Draftkings Inc. Class A | 0.21% | 15,451 | $390K | Reduce -37.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 479 | $353K | Add +14.6% |
| SGOV iShares 0-3 Month Treasury B | 0.17% | 3,226 | $325K | No change |
| CSX CSX Corp. | 0.17% | 6,703 | $319K | No change |
| APD Air Products & Chemicals Inc. | 0.14% | 889 | $261K | New |
| MU Micron Technology Inc. | 0.14% | 225 | $260K | New |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.14% | 5,012 | $256K | New |
| PEG Public Service Enterprise GP | 0.13% | 2,997 | $243K | No change |
| AMD Advanced Micro Devices | 0.12% | 400 | $232K | New |
| V Visa Inc. Class A | 0.12% | 654 | $224K | Reduce -31.4% |
| LEO BNY Mellon Strategic Muni | 0.04% | 10,848 | $70K | Reduce -52.8% |
Portfolio Sells Q1 2026 → Q2 2026
| IWO iShares Russell 2000 Growth | Reduce -40.2% | 3.03% | −1.45 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.62 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.53 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.41 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.16 |
| GLW Corning Inc. | Sold out | 0.00% | −0.16 |
| ORCL Oracle Corp. | Reduce -27.2% | 0.28% | −0.15 |
| MSFT Microsoft Corp. | Reduce -5.3% | 0.90% | −0.15 |
| FANG Diamondback Energy Inc. | Reduce -2.6% | 0.46% | −0.13 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.12 |
| DKNG Draftkings Inc. Class A | Reduce -37.5% | 0.21% | −0.11 |
| AEP American Electric Power | Reduce -4.5% | 0.61% | −0.07 |
| NVDA Nvidia Corp. | Reduce -8.5% | 0.92% | −0.05 |
| V Visa Inc. Class A | Reduce -31.4% | 0.12% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.45% | −0.05 |
| LEO BNY Mellon Strategic Muni | Reduce -52.8% | 0.04% | −0.05 |
| DLR Digital Realty Trust Inc. | Reduce -0.1% | 0.40% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 0.52% | −0.04 |
| AVGO Broadcom Inc. | Reduce -16.8% | 0.25% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 1.06% | −0.01 |
| NET Cloudflare Inc. Class A | Reduce -6.9% | 0.75% | −0.00 |
| TSLA Tesla Inc. | Reduce -2.1% | 0.59% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -3.5% | 0.65% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 0.52% | +0.04 |
| TROW T Rowe Price Group Inc. | Reduce -3.2% | 0.63% | +0.06 |
| LLY Eli Lilly & Co. | Reduce -2.6% | 0.67% | +0.08 |
| XLK SS Technology Select Sector | Reduce -20.9% | 5.34% | +0.11 |
| HACK Amplify Cybersecurity ETF | Reduce -2.3% | 3.76% | +0.71 |
| MRVL Marvell Technology Inc. | Reduce -8.2% | 1.27% | +0.76 |
Portfolio Buys Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 26.23% | +1.03 |
| IVE iShares S&P 500 Value ETF | Add +9.6% | 16.06% | +0.95 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +38.9% | 4.24% | +0.88 |
| DVN Devon Energy Corp. | Add +99.8% | 0.89% | +0.29 |
| APD Air Products & Chemicals Inc. | New | 0.14% | +0.14 |
| MU Micron Technology Inc. | New | 0.14% | +0.14 |
| JMST JPM Ultra-Short Muni Income | New | 0.14% | +0.14 |
| AMD Advanced Micro Devices | New | 0.12% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.89% | +0.10 |
| RTX RTX Corp. | Add +46.9% | 0.34% | +0.08 |
| AAPL Apple Inc. | Add +0.6% | 1.65% | +0.06 |
| ETN Eaton Corp. PLC | Add +1.5% | 0.56% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.6% | 0.19% | +0.05 |
| META Meta Platforms Inc. Class A | Add +19.0% | 0.65% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +8.4% | 0.35% | +0.03 |
| ABBV Abbvie Inc. | Add +0.2% | 0.23% | +0.01 |
| BA The Boeing Co. | Add +3.5% | 0.46% | +0.01 |
| HD Home Depot Inc. | Add +2.8% | 0.21% | −0.00 |
| BX Blackstone Inc. | Add +5.3% | 0.39% | −0.01 |
| KO The Coca-Cola Co. | Add +1.5% | 0.56% | −0.01 |
| CAVA Cava Group Inc. | Add +5.6% | 0.24% | −0.02 |
| AMGN Amgen Inc. | Add +1.3% | 0.42% | −0.03 |
| WMT Walmart Inc. | Add +4.5% | 0.50% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +2.0% | 0.34% | −0.12 |
| LNG Cheniere Energy Inc. | Add +2.1% | 0.48% | −0.14 |
| CVX Chevron Corp. | Add +1.1% | 0.46% | −0.17 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +6.1% | 19.22% | −0.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 53 | $187.5M | SPY, IGIB, IVE, XLK, IGLB |
| Q1 2026 | 55 | $169.1M | SPY, IGIB, IVE, XLK, IWO |
| Q4 2025 | 60 | $173.6M | SPY, IGIB, IVE, XLK, IWO |
| Q3 2025 | 59 | $174.1M | SPY, IGIB, IVE, XLK, IWO |
| Q2 2025 | 58 | $157.1M | SPY, IGIB, IVE, XLK, IWO |
| Q1 2025 | 59 | $143.0M | IGIB, SPY, IVE, IWO, XLK |
| Q4 2024 | 63 | $146.0M | SPY, IGIB, IVE, IWO, XLK |